ChainCatcher news, South Korean virtual asset exchange Upbit announced that it has refunded approximately 8.5 billion won (about 6.07 million USD) to around 380 victims of telecom fraud. The operator Dunamu utilized a real-time abnormal transaction monitoring system (FDS) to freeze the affected funds and collaborated with the Seoul Metropolitan Police Agency to advance the refund process. In February of this year, refunds of about 5 billion won were made to 246 victims, and this time an additional 3.5 billion won was refunded to 134 victims.Upbit stated that it will continue to strengthen monitoring and collaboration to protect user assets from telecom fraud.

ChainCatcher news, pharmaceutical company CelaCare is suing stablecoin issuer Circle, seeking the return of 1 million USDC that its CEO Kenneth Yates mistakenly sent to the wrong address and "destroyed."The lawsuit claims that on July 3, 2024, Yates incorrectly entered the letter B as the number "8" when sending USDC from his Coinbase account, resulting in the funds being sent to an unowned and inaccessible wallet address. CelaCare requests the court to confirm that the USDC has been destroyed and seeks $1 million in damages from Circle.However, Circle denied the refund request on September 6.

ChainCatcher news, the blockchain carbon credit platform Flowcarbon, co-founded by WeWork founder Adam Neumann, is refunding investors after its much-anticipated Goddess Nature Token (GNT) failed to launch.Some refunds have been issued in recent weeks, after investors, including the tech-focused venture capital firm Andreessen Horowitz, waited over a year without seeing the token launch.Flowcarbon informed investors that market conditions and resistance from carbon registries were the main reasons for the refunds.Flowcarbon does not appear to have publicly disclosed its refund situation; a Flowcarbon spokesperson stated, "Since last year, we have been providing refunds to retail GNT purchasers in accordance with standard and customary terms, and we continue to develop Flowcarbon into a leader in the carbon finance space."

ChainCatcher message, based on the Fractal Bitcoin asset management project Fractal-420, stated yesterday that the project failed to succeed due to some unverified reasons (external uncertainties). The team stated, "We may fail, but we will never run away." All minting fees will be refunded at the beginning of September.In addition, the team holds 20,000 Pizza tokens, of which 50% (10,000 tokens) will be allocated to supporters who participated in the minting.

ChainCatcher news, according to Decrypt, an Australian man has been sentenced to three years in prison after his partner accidentally received a multi-million dollar refund from Crypto.com.39-year-old Jatinder Singh pleaded guilty to stealing 4.4 million dollars in the Victoria County Court and was sentenced. In May 2021, Singh attempted to deposit 65 dollars into a Crypto.com account using his partner's bank account but was rejected due to a name mismatch. Due to a significant accounting error by an employee, the account was refunded 10.47 million Australian dollars (approximately 6.8 million dollars).Singh then transferred the funds into the couple's joint account and made large expenditures, including purchasing luxury items, real estate, and gifting 1 million Australian dollars to friends. It took seven months of internal auditing to discover the error. Singh's partner, Thevamanogari Manivel, was sentenced to 209 days in prison, after which she was released and placed under a community correction order.

ChainCatcher news, Australian prosecutors are advocating for the imprisonment of a Crypto.com user who accidentally received nearly $7 million in an erroneous refund and spent most of it before the trading platform discovered an internal error from three years ago.In May 2021, Crypto.com sent $6.86 million (AU$10.47 million) to Australian couple Thevamanogari Manivel and Jatinder Singh instead of a $100 refund due to an employee allegedly entering an account number in the payment section of an Excel spreadsheet.However, the trading platform detected that the bank account did not match the exchange account. Therefore, the trading platform issued the refund, but it did not return the AU$100 that the couple attempted to deposit; instead, it mistakenly transferred AU$10.5 million into Manivel's bank account.Just seven months later, when the trading platform discovered the error during an internal audit in December 2021, Singh had already purchased multiple properties and gifted AU$1 million to friends. He claimed he thought he had won an "online lottery."

ChainCatcher news, according to Cointelegraph, Bitfinex Securities stated that it will refund its investors in the Hilton Hotel project at El Salvador International Airport due to its failure to attract the minimum required funding of $500,000 to continue operations.The project is El Salvador's first public offering of digital debt assets, but it raised only $342,000 from investors before the first deadline, which is just 5% of the $6.25 million it hoped to raise.The funds were intended to finance the construction of a 4,500 square foot Hampton by Hilton hotel, which will be five stories tall and feature 80 rooms, a restaurant, workspaces, a swimming pool, a gym, and a garden.

ChainCatcher news, according to Cointelegraph, a spokesperson for the Dogwifhat on Vegas Sphere team recently stated that representatives from Sphere have developed new "cryptocurrency-specific" terms and held internal meetings to formulate cryptocurrency-related policies in response to the "sphere wif hat" initiative. The team is still working with them to meet their standards and requirements. Additionally, it was stated that if negotiations fail for any reason, all funds will be refunded to the donors.ChainCatcher previously reported that community information shows the "sphere wif hat" initiative of the dogwifhat (WIF) community has successfully raised $650,000, currently totaling $672,347. The raised amount will be used for advertising at the MSG Sphere (a massive spherical LED venue) in Las Vegas, USA.

According to ChainCatcher news and CoinDesk reports, digital investment platform Abra and its founder and CEO William Barhydt have reached a settlement with financial regulators in 25 states. Abra will refund up to $82 million in cryptocurrency to U.S. customers in these states for operating its mobile application without the proper licenses. The settlement agreement requires Abra to cease accepting cryptocurrency distributions and trades from U.S. Abra Trade customers.Barhydt also agreed not to participate in any capacity in the money services business within these 25 states for the next five years. Charlie Clark, director of the Washington State Department of Financial Institutions, stated that state financial regulators will hold violators accountable. An Abra spokesperson noted that this settlement also addresses issues related to unregistered securities sales with certain state securities regulators. Since June 2023, Abra has refunded over $250 million, approximately 99% of the assets held by its U.S. retail customers. Abra continues to operate in the U.S. through its SEC-registered investment advisor, Abra Capital Management.

ChainCatcher news, according to the official tweet from Slerf, the Meme project Slerf in the Solana ecosystem has announced that it has issued compensation to all users who participated in the presale. Over 25,000 wallets have received a 100% refund, while the last 250 wallets received a 25% refund. Users can check if their wallets have received deposits from the address fCuw5ppJ9aZYzjm8EsT2fHwxV1h5JwUfqXM44iX3Pzb.

ChainCatcher message, Slow Mist founder Yuxian posted on social media, "This real case related to TON phishing can be referenced as shown in the picture, the phishing comment states Funds will be returned after wallet confirmation, in order to confuse users. But if confirmed, the related assets will be gone, including this Anonymous Telegram Number."

ChainCatcher news, Negentropy partner BillyWen stated on Twitter that if the Slerf project team Dev meets the four requirements he proposed, he will invest in purchasing Slerf NFTs to support the project in refunding the remaining 12,000 SOL to pre-sale investors within three months.The four requirements include: no new tokens will be issued, establishing a DAO-based community governance model, adopting an open attitude to communicate with the Chinese community, and carefully selecting project partners for collaboration.

ChainCatcher news, according to official information, Bitget exchange announced that the first 10,000 users who recharge LayerZero (ZRO) tokens on the platform will receive a refund of the donation fees, with a hard cap of 500 ZRO per user.Previous report, the LayerZero Foundation launched the "Proof-Donation" airdrop claiming mechanism. To claim ZRO, users must donate 0.1 USD in USDC, USDT, or native ETH for each ZRO.

ChainCatcher news, Kraken Exchange's Chief Security Officer Nick Percoco posted an update on social media stating that it can now be confirmed that the funds withdrawn due to the previous vulnerability have been refunded (minus a small fee loss).Previously, CertiK stated that all funds had been returned but did not align with Kraken's request and did not demand a bounty for the vulnerability.

ChainCatcher news, the encrypted exchange WOO X stated on social media that within the next 24 hours, any user who deposits ZRO on WOO X will receive a donation fee refund.ChainCatcher previously reported that LayerZero has opened the ZRO token airdrop claim page, with 85,000,000 ZRO available for claim. The claiming will start on June 20 and continue until September 20.LayerZero has introduced a new claiming mechanism called Proof-of-Donation, which will donate up to 18.5 million dollars to the Protocol Guild. Users must donate 0.10 USDC, USDT, or native ETH for each ZRO to claim the ZRO tokens. The donations received by the Protocol Guild will be redeemed over four years. The LayerZero Foundation will match all donations, up to a maximum of 10 million dollars.

ChainCatcher news, the community blockchain city project CityDAO has opened refund inquiries, with a total refund of 3.07 million USD, and 4,808 addresses eligible for refunds.According to the May CityDAO CIP 212 proposal, the founders will exit the multi-signature wallet, close bank accounts and CityDAO social media accounts, and completely withdraw from the operation of the DAO. The most responsible approach is to return the funds to the donating citizens. The proposal was ultimately passed with a 92.64% approval rate.

ChainCatcher news, the Solana ecosystem meme project Slerf announced that it has refunded 30,125 SOL to presale purchasers, with 23,700 SOL pending refund. Over 27,000 wallets have received refunds (97%), with less than 800 wallets still pending.Slerf stated that it expects to complete all refunds in the coming weeks.

ChainCatcher news, ZKasino stated yesterday that it has initiated a two-step bridging process, which will bridge ETH back to non-participating bridge users at a 1:1 ratio. The team also mentioned that they are still working hard and reiterated their commitment to making the project successful. However, the crypto community pointed out that ZKasino only gives bridge participants a short 72 hours to register (UTC time May 28, 14:00 - May 31, 14:00, all on business days). After three days, the registration function will be closed and deposits will also stop, which may prevent many from retrieving their deposits.In addition, ZKasino has deliberately avoided addressing the staking rewards earned from user deposits. It is reported that after the Bridge-to-Earn program ends, ZKasino will convert investors' ETH into Lido's Wrapped Staked Ether. Given that the current Lido staking yield is 3.3% and the recent rise in ETH prices, the expected staking rewards will exceed $100,000.

ChainCatcher message, ZKasino officially announced that it has launched a 2-step bridging refund process, where bridge participants can register and bridge back their ETH at a 1:1 ratio.Bridging refund process: For those bridge participants who choose not to participate in the ZKAS conversion, the process to bridge back their ETH has been initiated. Bridge participants can register by depositing the first batch of ZKAS bridging rewards they received. Registration will forfeit the remaining 14 months of ZKAS release.It is reported that bridge participants have 72 hours (UTC time from May 28, 14:00 to May 31, 14:00) to register. Bridge participants can find their ZKAS on the ZKasino EVM chain and can deposit ZKAS into a smart contract controlled by ZKasino.Additionally, registration data will be collected over the next few days. A new announcement will be released as soon as possible to provide data for public verification. The data will show which addresses can claim their ETH. The claiming portal will open after data verification. Bridge participants will be able to claim their ETH at a 1:1 ratio from a new audited bridging contract on the Ethereum mainnet.